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Tag Archives: Wolfcamp

Thanks to the Wolfcamp, Permian Basin breaks another record

The U.S. Geological Service (USGS) announced the estimate of continuous oil in the Wolfcamp shale in the Midland Basin portion of the Permian Basin is almost three times that of the 2013 USGS Bakken-Three Forks resource assessment. This makes the the Wolfcamp the largest estimated continuous oil accumulation that the USGS has assessed in the United States–ever. The USGS estimates ...

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Linn Energy seals sales and equity deals

Having struggled through expenditure cuts and debt this year, Linn Energy plans to sell off its remaining assets in the Permian Basin. FuelFix reports the Houston-based company’s assets in Howard County were purchased for $281 million by an unnamed buyer. The assets purchased include about 6,400 acres of Midland for potential Wolfcamp drilling and production from 133 nearby wells. The ...

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CEO steps up to the plate and claims the Permian Basin is still in early innings

permian basin

Pioneer Natural Resources CEO Scott Sheffield claims that the Permian Basin is only in the “second or third inning” of its career. The Permian has two important horizons, the eastern side and the western side.  On each side, the Spraberry and Wolfcamp formations exist.  According to Sheffield, the eastern side of the basin has an estimate 75 billion barrels of ...

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Unconventional resources changing how corrosion is addressed

Mella McEwen | The Midland Reporter-Telegram (Midland, Texas) Since the first wells were drilled in the Permian Basin, operators have had to deal with the issue of corrosion. With drilling in today’s unconventional shale plays soaring, new ways to address corrosion are needed. Especially with advances in technology, including horizontal drilling and hydraulic fracturing. “Everyone is moving toward horizontal drilling,” ...

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Oil companies target brackish water

Corey Paul | Odessa American  Midland-based STW Resources recently reached a deal with Upton County ranch-owners to process about 30,000 barrels of brackish water daily and sell it oil to companies for drilling and hydraulic fracturing operations. The water reclamation company will use “hybrid reverse osmosis” technology that CEO Stanley Weiner described as a more intensive version of the process ...

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Odessa grows beyond its oilfield into another

Corey Paul | Odessa American A workover rig sprouted up beside the Westminister Presbyterian Church on Maple Avenue and JBS Parkway, pulling tube for the past few weeks. The congregation didn’t mind. The well is most often just a churning pump jack,. “It’s very quiet,” said Eric Thompson, the church’s pastor, noting his own surprise when he arrived here a ...

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Study credits six formations with sending Permian oil production soaring

Mella McEwen | Midland Reporter-Telegram A study recently released by the U.S. Energy Information Administration reinforces common knowledge that Permian Basin crude production has soared in recent years. The study finds Permian Basin production has risen from a low point of 850,000 barrels per day in 2007 to 1,350,000 barrels a day in 2013. As a result, the study notes, Permian ...

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